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2022
Exports $14.4MWorld Rnk 8 / 104
Flag Rnk 1069 / 1216
2022
Destination $1.69M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.69MIndia
2022
Imports $19.2MWorld Rnk 8 / 185
Flag Rnk 933 / 1212
2022
Origin $3.06M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $3.06MSouth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $14.4M in Nitric Acids, making it the 8th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 1069th most exported product in China. The main destination of Nitric Acids exports from China are: Vietnam ($2.15M), Indonesia ($2.09M), India ($1.73M), Japan ($1.21M), and Turkey ($1.16M).

The fastest growing export markets for Nitric Acids of China between 2021 and 2022 were India ($1.69M), Japan ($1.21M), and Vietnam ($838k).

Imports In 2022, China imported $19.2M in Nitric Acids, becoming the 8th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 933rd most imported product in China. China imports Nitric Acids primarily from: South Korea ($16.5M), Chinese Taipei ($1.21M), Germany ($724k), Japan ($381k), and United States ($221k).

The fastest growing import markets in Nitric Acids for China between 2021 and 2022 were South Korea ($3.06M), France ($15k), and Malaysia ($8.44k).

Latest Trends

October 2024

About

Overview In October 2024 China's Nitric Acids exports accounted up to $922k and imports accounted up to $1.69M, resulting in a negative trade balance of $767k. Between October 2023 and October 2024 the exports of China's   Nitric Acids have increased by $390k (73.4%) from $532k to $922k, while imports decreased by $-282k (-14.3%) from $1.97M to $1.69M.

Destinations In October 2024, Nitric Acids were exported mostly to Vietnam ($307k), Chinese Taipei ($220k), Indonesia ($204k), Singapore ($87.5k), and Suriname ($43.5k), and were imported mostly from South Korea ($1.23M), Chinese Taipei ($171k), United States ($128k), Germany ($104k), and Japan ($49.2k).

Growth In October 2024, the increase in Nitric Acids's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($12.5k or 25.4%). In October 2024, the decrease in Nitric Acids's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-1.74M or -97.1%), Germany ($-139k or -99.7%), and Chinese Taipei ($-119k or -50.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$390k(73.4%)
IMPORT GROWTH (October 2023 - October 2024)$-282k(-14.3%)
MAIN EXPORTER (October 2024)Henan Province$899k
MAIN DESTINATION (October 2024)Vietnam$307k

This section shows Nitric Acids's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.4M
IMPORTS (2022)$19.2M
NET TRADE (2022)-$4.88M

In 2022, China exported $14.4M in Nitric Acids. The main destinations of China exports on Nitric Acids were Vietnam ($2.15M), Indonesia ($2.09M), India ($1.73M), Japan ($1.21M), and Turkey ($1.16M).

In 2022, China imported $19.2M in Nitric Acids, mainly from South Korea ($16.5M), Chinese Taipei ($1.21M), Germany ($724k), Japan ($381k), and United States ($221k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR China WERE (2021 - 2022):
India$1.69M (4.55k%)
Japan$1.21M (7.1M%)
Vietnam$838k (64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY China WERE (2021 - 2022):
Thailand-$1.27M (-86.3%)
Malaysia-$1.07M (-48.2%)
Philippines-$222k (-92%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Nitric Acids were:
South Korea $154M
Belgium $142M
Germany $100M
In 2022, China's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $842k
TOP IMPORT POTENTIALGermany+ $685k

Nitric Acids’s highest export potential is India. With an export gap of $842k.   Nitric Acids’s highest import potential is Germany with an import gap of $685k.

See methodology.

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